In this week’s dealmaking news, New Mountain Learning, a provider of digital and blended learning solutions to the K-12, higher education and career learning markets, raised funds from CIP Capital. Also, Really Good Stuff purchased Steve Spangler Science.
New Mountain Learning Receives Investment: Private equity firm CIP Capital has completed an investment in New Mountain Learning, a provider of digital and blended learning solutions to the K-12, higher education and career learning markets, the companies said in a statement. Financial terms of the deal were not disclosed.
CIP Capital’s strategic investment “will help New Mountain Learning accelerate growth through investment in its curriculum and platform while rapidly scaling into new content and software offerings, organically and through follow-on acquisitions,” according to the statement.
St. Paul, Minn.-based New Mountain provides interactive learning solutions to students, teachers and administrators with a core focus on language learning, digital literacy and foundational financial skills.
New Mountain’s K-12 learning division, EMC School, delivers content and curriculum for foreign language, English/language arts, computer science, economics and other disciplines via its proprietary learning management system. In February, EMC acquired Zulama, a producer of digital programs for computer literacy in middle and high school classrooms.
Really Good Stuff Acquires Steve Spangler Science: Really Good Stuff, a subsidiary of Excelligence Learning Corporation, has acquired Steve Spangler Science, a Denver-based creator and marketer of STEM-based products and learning experiences that introduces students to future opportunities in science, technology, engineering and math. Financial terms of the deal were not disclosed.
“This partnership will give Spangler an even greater opportunity to create large-scale science experiences and continue his work as a leading STEM influencer online and on television,” the companies said in a statement.
Tim Kochuba, president of Really Good Stuff, said the move will enable the company “to catapult over the competition in one of the fastest growing educational categories with a leading brand that is positioned at the intersection of STEM education and play.”
Excelligence is a Monterey, Calif.-based provider of educational tools and solutions to early childhood and elementary teachers and parents. Last year, the company acquired Frog Street Press, a provider of early childhood education solutions for public schools, Head Start programs and early child care centers, and Child Care Education Institute (CCEI) a provider of online professional development and data systems for the early childcare and education market.
Thinkful Raises $10 Million: Thinkful, a provider of one-on-one web development and data science courses, has raised $10 million from Leif, a proprietary income share agreement platform that allows students to pay no upfront costs for their education in exchange for paying a percentage of their income for a fixed period of time once they earn above a minimum salary.
Leif’s platform will drive the creation and payment management of this income share agreement (ISA) program and the accompanying investment will fund tuition for over 700 future students, according to a statement.
Leif signed a similar agreement with Lambda School last fall. The multi-year, exclusive agreement translated into an estimated revenue contribution of $20 million.
“ISA, job guarantees, outcomes reporting: these things are further proof our incentives are directly aligned with student success,” said Darrell Silver, Thinkful CEO.
Earlier this year, Thinkful raised $9.6 million in a Series A round led by Owl Ventures. In 2017, the company acquired Viking Code School, a provider of online training to developers and software engineers, and The Odin Project, a open-source platform with over 80,000 community members worldwide.
Corwin Acquires Professional Learning Model: Corwin, a Los Angeles-based provider of professional development solutions, has acquired a school change model from New Zealand-based Cognition Education Group for an undisclosed sum.
Corwin is a global provider of evidence-based professional learning in North America and Australia, as well as the United Kingdom, Scandinavia and the Netherlands. The Visible Learningplus school change model is based on the research of Australian professor John Hattie, who analyzed the impact of individual factors influencing student achievement across multiple studies. The resulting Visible Learning research claims to represent the world’s largest evidence base on what works best in schools to improve learning. To date, Hattie has identified 250 factors that influence student achievement, according to the statement.
SAFARI Montage Partners With Streamable Learning: Digital learning provider SAFARI Montage has formed a partnership with Streamable Learning, a provider of live and interactive programs to K-12 classrooms.
The partnership will provide mutual customers with access to hundreds of live and recorded educational events from the Streamable Learning content community via the SAFARI Montage LOR, the companies said in a statement.
The integration provides SAFARI Montage users with single sign-on access to Streamable Learning’s live streaming educational programming along with federated search access to a library of recorded events and virtual field trips via the LOR, the companies said.
“The goal of the partnership is to empower schools and districts to reach the next stage of evolution of distance learning and support modern classroom initiatives, such as global education, blended learning, experiential learning, and project-based learning, among others,” the companies said.